EUR/NZD
EUR NZD
- NZD (-)
- Real time data - Forex
Open: -
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Type: Forex
Ticker: EURNZD
ISIN:

EUR/NZD - 1H - Technical analysis published on 10/17/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 1.7717 NZD
My targets
1.7780 NZD (+0.0039)
1.7831 NZD (+0.0090)
My analysis
A bullish trend on EUR/NZD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.7717 NZD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.7780 NZD. Then the price could move towards 1.7831 NZD. Then 1.7887 NZD by extension. Be careful, a return below 1.7717 NZD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3

This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

EUR/NZD rating 1.7741 NZD. On the day, this instrument lost -0.01% and was between 1.7715 NZD and 1.7774 NZD. This implies that the price is at +0.15% from its lowest and at -0.19% from its highest.

1.7715
1.7774
1.7741

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of this 1H chart of EUR/NZD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.7583 1.7659 1.7717 1.7741 1.7780 1.7831 1.7887
Change (%) -0.89% -0.46% -0.14% - +0.22% +0.51% +0.82%
Change -0.0158 -0.0082 -0.0024 - +0.0039 +0.0090 +0.0146
Level Minor Major Major - Intermediate Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.75221.75811.76621.77211.78021.78611.7942
Camarilla1.77051.77171.77301.77431.77561.77691.7782
Woodie1.75331.75871.76731.77271.78131.78671.7953
Fibonacci1.75811.76351.76681.77211.77751.78081.7861


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.57291.59581.60901.63191.64511.66801.6812
Camarilla1.61221.61551.61881.62211.62541.62871.6320
Woodie1.56801.59341.60411.62951.64021.66561.6763
Fibonacci1.59581.60961.61811.63191.64571.65421.6680


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.70471.72471.74761.76761.79051.81051.8334
Camarilla1.75871.76261.76661.77051.77441.77841.7823
Woodie1.70621.72541.74911.76831.79201.81121.8349
Fibonacci1.72471.74111.75121.76761.78401.79411.8105

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 51.90
MACD (12,26,9): 0.0001
Directional Movement: -0.0670
AROON (14): 35.7143
DEMA (21): 1.7743
Parabolic SAR (0,02-0,02-0,2): 1.7767
Elder Ray (13): -0.0003
Super Trend (3,10): 1.7698
Zig ZAG (10): 1.7741
VORTEX (21): 0.9864
Stochastique (14,3,5): 30.51
TEMA (21): 1.7733
Williams %R (14): -55.93
Chande Momentum Oscillator (20): 0.0013
Repulse (5,40,3): 0.0942
ROCnROLL: 1
TRIX (15,9): 0.0036
Courbe Coppock: 0.12
MA7: 1.7680
MA20: 1.7735
MA50: 1.7780
MA100: 1.7628
MAexp7: 1.7736
MAexp20: 1.7739
MAexp50: 1.7727
MAexp100: 1.7724
Price / MA7: +0.35%
Price / MA20: +0.03%
Price / MA50: -0.22%
Price / MA100: +0.64%
Price / MAexp7: +0.03%
Price / MAexp20: +0.01%
Price / MAexp50: +0.08%
Price / MAexp100: +0.10%

Quotes : 2020-10-16 20:59:45 - Real time data - Forex

News


The last news published on EUR/NZD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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